2025 Full-Year results Excellent financial performance reflecting the strengths of Nexans’ business model Exceptional level of organic growth at +8.3% in 2025Strong Adjusted EBITDA margin increase at 11.9% of standard salesPortfolio rotation – Exclusive negotiations entered into for the sale of AutoelectricSolid balance sheet enabling to step-up M&A activityEntering 2026 with confidence with the full deployment of our Global Electrification Pure Player model Preliminary statement : In compliance with IFRS 5 ...

Core Viewpoint - Nexans has entered exclusive negotiations with Motherson for the sale of its wiring harness business, Autoelectric, for an enterprise value of €207 million, marking the final step in its transformation into a pure electrification player [1][2][3] Company Overview - Nexans is a global leader in sustainable electrification, focusing on advanced cable solutions and services that support the transition to a low-carbon future [9][11] - The company operates in 41 countries with a workforce of 28,500 and generated €7.1 billion in standard sales in 2024 [11] - Nexans is committed to achieving net-zero emissions by 2050 and is recognized as a climate action leader [11] Business Details - Autoelectric, based in Floss, Germany, specializes in designing and manufacturing wiring harness and vehicle wiring system solutions for the automotive industry, generating approximately €749 million in annual sales in 2024 with nearly 14,000 employees [2][3] - The divestment of Autoelectric completes Nexans' strategic shift away from non-electrification activities, aligning with its "Sparking Electrification" strategy [3] Transaction Insights - The acquisition by Motherson is seen as a strategic fit, allowing Autoelectric to grow under a new owner with strong ties to the automotive industry [3] - The transaction is subject to customary regulatory approvals and is expected to be completed by mid-2026 [3] Financial Implications - The proposed sale will classify Autoelectric as "Assets Held for Sale" in Nexans' 2025 consolidated financial statements, impacting the classification of the Industry and Solutions Businesses as discontinued operations [4][5] - The 2025 guidance has been adjusted to reflect the exclusion of discontinued operations, with the new adjusted EBITDA guidance ranging from €710 million to €760 million [6][7]

Core Viewpoint - Nexans has entered exclusive negotiations with Motherson for the sale of its wiring harness business, Autoelectric, for an enterprise value of €207 million, marking the final step in its transformation into a pure electrification player [1][2][3] Company Overview - Nexans is a global player in sustainable electrification, focusing on advanced cable solutions and services that support the transition to a low-carbon future [9][11] - The company operates in 41 countries with approximately 28,500 employees and generated €7.1 billion in standard sales in 2024 [11] Transaction Details - Autoelectric, based in Floss, Germany, generated approximately €749 million in annual sales in 2024 and employs nearly 14,000 people [2] - The transaction is expected to be completed by mid-2026, subject to regulatory approvals, and will involve a series of sales of shares and assets [3][5] Strategic Implications - This divestment completes Nexans' strategic shift away from non-electrification activities, allowing it to focus on its "Sparking Electrification" strategy [3] - Motherson is seen as a strategic fit for Autoelectric, providing an environment conducive to growth and innovation in wiring harness solutions [3][12] Financial Outlook - Following the transaction, Autoelectric will be classified as "Assets Held for Sale" in Nexans' 2025 financial statements, and the Industry and Solutions Businesses will be classified as discontinued operations [4][5] - The 2025 guidance has been adjusted to reflect the new scope of continuing operations, with adjusted EBITDA guidance now set at €710 million to €760 million [6][7]

Core Insights - Nexans has completed the acquisition of Electro Cables Inc., a Canadian manufacturer of low-voltage cable systems, to enhance its presence in North America's growing market [1][2] - The acquisition is expected to be EPS accretive from the first year and is fully financed in cash [2] - Electro Cables generated approximately €125 million in revenue over the twelve months ending July 2025, aligning with Nexans' strategy to focus on electrification [2] Company Strategy - The acquisition supports Nexans' strategy to accelerate growth in North America, particularly in infrastructure, data center, and energy sectors [1][2] - Nexans aims to build a platform for sustainable electrification across North America through this strategic fit with Electro Cables [3] Company Overview - Nexans operates in 41 countries with a workforce of 28,500 and generated €7.1 billion in standard sales in 2024 [5] - The company is committed to achieving Net-Zero emissions by 2050 and expanding energy access through its initiatives [5]

Core Insights - Nexans reported strong financial performance for the first nine months of 2025, with organic growth of +5.8% driven by robust Electrification businesses, which grew +9.4% organically [1][5][8] - The company announced the acquisition of Electro Cables in Canada, enhancing its position in the Electrification market and expected to create significant value [3][20][21] - Full-year 2025 guidance was reiterated, with adjusted EBITDA expected between €810 million and €860 million and free cash flow between €275 million and €375 million [5][18] Financial Performance - Standard sales for the first nine months of 2025 reached €5,331 million, up +5.8% organically year-on-year [5][7] - Electrification segment sales amounted to €3,841 million, reflecting a +9.4% organic growth compared to €3,351 million in the same period last year [4][6] - PWR-Transmission segment saw a significant increase in sales, reaching €1,115 million, up +25.3% organically [9][11] Segment Analysis - PWR-Grid recorded sales of €989 million, up +6.7% organically, with a solid trajectory in Q3 2025 showing +9.0% growth [11] - PWR-Connect segment sales were €1,737 million, reflecting a modest +1.4% organic growth, with signs of recovery in various regions [13][14] - Non-electrification segment experienced a decline, with sales of €868 million, down -6.0% organically [15] Acquisition and Strategic Moves - The acquisition of Electro Cables is expected to enhance Nexans' local supply chain efficiency and drive synergies through the rollout of its SHIFT program [20][21] - The company secured €250 million in financing from the European Investment Bank to support R&D and innovation projects [18] Future Outlook - Nexans confirmed its commitment to expanding its production capacity and enhancing its competitiveness in the Electrification sector [18] - The company aims to strengthen its leadership in Electrification and expand its value creation model [1][4]

Leadership Change - Nexans has appointed Julien Hueber as the new Chief Executive Officer, succeeding Christopher Guérin, effective immediately [1][2] - Christopher Guérin will remain available to support Julien Hueber until October 31, 2025 [1] Strategic Direction - The Board of Directors aims to create new momentum to optimize performance while executing the roadmap presented during the last Capital Market Day [2] - The succession process for the CEO role was comprehensive and aligned with the established succession plan, supported by a leading executive search firm [2] Julien Hueber's Background - Julien Hueber, 55, has been with Nexans since 2002 and is currently the Executive Managing Director of PWR Grid & Connect Europe, a business with €2.6 billion in revenue and 23 manufacturing plants [3] - He has extensive experience in supply chain and purchasing, with significant knowledge of the Asia-Pacific region, particularly China and South Korea [3] Board's Confidence - Jean Mouton, Chairman of the Board, expressed confidence in Julien Hueber's ability to lead Nexans, citing his strategic vision and operational excellence [4] - The Board believes Hueber's experience and leadership qualities make him the ideal candidate to drive the company's future strategy [4] Acknowledgment of Previous Leadership - The Board expressed deep gratitude to Christopher Guérin for his contributions over the past seven years, highlighting his role in transforming Nexans into a leader in sustainable electrification [5][6] - Guérin's leadership has restored confidence and pride within the Nexans team, leaving a lasting impact on the company [5][6] Company Overview - Nexans is a global leader in sustainable electrification, focusing on advanced cable solutions and services that support the transition to a low-carbon future [7][8] - The company operates in 41 countries, employs 28,500 people, and generated €7.1 billion in standard sales in 2024 [8]

Core Insights - Nexans reported a strong performance in H1 2025, achieving +4.9% organic growth, driven primarily by its Electrification businesses which grew by +7.8% organically [1][5][6] - The company achieved record adjusted EBITDA of €441 million, reflecting a +7.0% increase year-on-year, with an adjusted EBITDA margin of 11.7% [3][8][11] - Nexans successfully completed the divestment of Lynxeo and made a strategic acquisition of Cables RCT, enhancing its position in sustainable electrification [3][4][18] - The company upgraded its full-year 2025 guidance for adjusted EBITDA to between €810 million and €860 million, and free cash flow to between €275 million and €375 million [1][42] Financial Performance - H1 2025 standard sales reached €3.8 billion, with organic growth of +4.9% compared to H1 2024 [3][4] - Net income for H1 2025 was €374 million, significantly up from €176 million in H1 2024, largely due to net gains from asset disposals [14][15] - Free cash flow increased to €282 million in H1 2025 from €79 million in H1 2024, indicating strong cash generation capabilities [17][19] Segment Performance - The PWR-Transmission segment saw a remarkable organic growth of +21.7% in H1 2025, with adjusted EBITDA rising to €88 million [28][30] - PWR-Grid reported organic growth of +5.6% with adjusted EBITDA at €107 million, maintaining a high margin despite slight declines [32][34] - PWR-Connect achieved standard sales of €1.186 billion, with adjusted EBITDA increasing by +22.4% year-on-year [35][37] - The Non-Electrification segment experienced a decline of -5.2% in organic growth, reflecting challenges in the Automation and Rail markets [39] Strategic Initiatives - Nexans' strategic focus on sustainability was highlighted by its upgraded CDP score to A, reflecting its commitment to environmental leadership [22][23] - The company launched the ACT 2025 employee share ownership plan, achieving a participation rate of 46%, indicating strong employee engagement [27] - Nexans continues to prioritize M&A as a core part of its strategy, with net cash inflows from M&A activities amounting to €613 million in H1 2025 [18][19] Outlook - The company remains confident in its long-term growth trajectory, supported by a solid balance sheet and no leverage, with a leverage ratio of 0.06x [15][19] - Nexans is committed to executing its strategic roadmap and priorities, reaffirming its targets set during the 2024 Capital Markets Day [42]